Personal Umbrella Insurance
We live in a world where lawsuits are more common than ever — and settlement amounts continue to rise. One unexpected incident could put your finances at serious risk. While no one can predict being sued, you can be prepared. A personal umbrella insurance policy adds an important layer of protection when your standard coverage isn’t enough.
Umbrella insurance, also called excess liability coverage, goes beyond the limits of your auto, homeowners, motorcycle, or boat insurance. If you're found legally responsible for someone’s injury or property damage, umbrella insurance helps cover legal fees, settlements, and other costs that exceed your base policy limits. In many cases, these costs can reach hundreds of thousands — even millions — of dollars.
What Does Umbrella Insurance Cover?
Umbrella insurance is designed to protect your assets in the event of a lawsuit. Whether someone slips and falls on your property, gets injured at your home while you’re away, or is involved in an accident where you’re found liable, this policy steps in when your underlying coverage maxes out.
For example: a group of teenagers sneaks into a backyard pool while the homeowners are away. One teen dives in, gets seriously injured, and sues. The homeowners’ insurance policy pays its full limit of $250,000 — but the settlement exceeds $1 million. Their umbrella policy covers the additional $1 million, protecting the family’s financial future.
Who Should Consider Umbrella Coverage?
Honestly? Nearly everyone. Even if you're cautious, accidents can happen — and sometimes you're held responsible for things you never expected. If you have a pool, trampoline, rental property, or a teen driver in the home, your risk is even higher. Umbrella insurance can provide affordable peace of mind that protects your home, savings, and future income.
How Much Coverage Do I Need?
The amount of umbrella insurance you need depends on your lifestyle, assets, and risk exposure. Do you host guests often? Own recreational vehicles or watercraft? Have a newly licensed driver at home? At Rowell Insurance Services, we’ll review your full picture and recommend the right level of coverage — all while keeping premiums as low as possible.
Can a Business Umbrella Policy Protect Me Personally?
No — business and personal umbrella policies are separate. A commercial umbrella policy protects your business from liability risks, while personal umbrella coverage protects your individual assets. If you own a business, we’ll help you structure both types of coverage for complete protection.
Let’s talk about how a personal umbrella policy can work for you. Contact us today for a free quote or policy review — and get covered before the unexpected happens.
